Nano Magic Holdings Inc. (NMGX) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
31601 RESEARCH PARK DRIVE MICHIGAN, MI 48071 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 347 - Coating, Engraving, And Allied Services (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 9/30/2023 MRQ | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 259 | 253 | 299 | 227 | 222 | 138 | |||
| Cash and cash equivalents | 259 | 242 | 288 | 217 | 222 | 138 | |||
| Short-term investments | 11 | 10 | 10 | ||||||
| Receivables | 0 | 312 | 1,235 | 151 | 308 | 622 | |||
| Inventory, net of allowances, customer advances and progress billings | 1,120 | 1,379 | 842 | 423 | 828 | 734 | |||
| Inventory | 1,120 | 1,379 | 842 | 423 | 828 | 734 | |||
| Contract with customer, asset, after allowance for credit loss | 89 | 16 | ✕ | ||||||
| Other undisclosed current assets | 522 | 212 | 190 | 18 | 167 | 257 | |||
| Total current assets: | 1,901 | 2,157 | 2,654 | 835 | 1,523 | 1,751 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 1,038 | 1,310 | 1,518 | 258 | ✕ | ✕ | |||
| Property, plant and equipment | 526 | 634 | 613 | 222 | 328 | 389 | |||
| Long-term investments and receivables | 250 | ||||||||
| Long-term investments | 250 | ||||||||
| Other noncurrent assets | 6 | 6 | 6 | ||||||
| Other undisclosed noncurrent assets | 376 | 32 | 41 | ||||||
| Total noncurrent assets: | 2,190 | 1,950 | 2,138 | 485 | 360 | 430 | |||
| TOTAL ASSETS: | 4,091 | 4,107 | 4,792 | 1,320 | 1,884 | 2,181 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 1,039 | 736 | 1,488 | 1,002 | 1,853 | 2,033 | |||
| Accounts payable | 763 | 671 | 1,137 | 802 | 1,375 | 1,384 | |||
| Accrued liabilities | 276 | 66 | 351 | 200 | 478 | 650 | |||
| Deferred revenue | 46 | 91 | 162 | 90 | ✕ | ||||
| Debt | 66 | 88 | 98 | 184 | 404 | 660 | |||
| Due to related parties | ✕ | 87 | 12 | 140 | 140 | 115 | |||
| Other undisclosed current liabilities | 185 | 284 | 332 | 20 | 20 | 288 | |||
| Total current liabilities: | 1,376 | 1,154 | 2,020 | 1,508 | 2,507 | 3,096 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 374 | 1,037 | 1,374 | 259 | 130 | 181 | |||
| Long-term debt, excluding current maturities | 350 | 116 | 178 | 122 | 130 | 181 | |||
| Finance lease, liability | 24 | ✕ | ✕ | ||||||
| Liabilities, other than long-term debt | 722 | ||||||||
| Operating lease, liability | 722 | 921 | 1,196 | 137 | ✕ | ✕ | |||
| Other undisclosed noncurrent liabilities | (921) | (1,196) | |||||||
| Total noncurrent liabilities: | 1,097 | 1,037 | 1,374 | 259 | 130 | 181 | |||
| Total liabilities: | 2,473 | 2,191 | 3,394 | 1,767 | 2,637 | 3,277 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | 1,617 | 1,916 | 1,397 | (447) | (753) | (1,096) | |||
| Common stock | 1 | 1 | 1 | ||||||
| Additional paid in capital | 13,763 | 11,960 | 9,867 | 7,242 | 5,887 | 5,491 | |||
| Accumulated deficit | (12,147) | (10,045) | (8,471) | (7,690) | (6,640) | (6,587) | |||
| Other undisclosed equity, attributable to parent | 1 | 0 | 0 | ||||||
| Other undisclosed equity | 0 | ||||||||
| Total equity: | 1,617 | 1,916 | 1,397 | (447) | (753) | (1,096) | |||
| TOTAL LIABILITIES AND EQUITY: | 4,091 | 4,107 | 4,792 | 1,320 | 1,884 | 2,181 | |||
Income Statement (P&L) ($ in thousands)
| 9/30/2023 TTM | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 2,577 | 5,040 | 4,759 | 2,436 | 4,331 | 7,878 | ||
| Cost of revenue | (2,481) | (3,348) | (3,120) | (2,112) | (3,452) | (5,610) | ||
| Cost of goods and services sold | (160) | (3,452) | (1,097) | |||||
| Gross profit: | 96 | 1,692 | 1,639 | 324 | 879 | 2,268 | ||
| Operating expenses | (3,546) | (4,090) | (2,431) | (1,355) | (1,197) | (2,988) | ||
| Other operating income, net | 96 | 632 | ||||||
| Operating loss: | (3,354) | (1,766) | (792) | (1,031) | (318) | (720) | ||
| Nonoperating income | 103 | 191 | 11 | 66 | 265 | 33 | ||
| Other nonoperating income (expense) | 0 | 18 | ||||||
| Interest and debt expense | (34) | (19) | (7) | (9) | (90) | (70) | ||
| Loss from continuing operations before income taxes: | (3,285) | (1,594) | (788) | (974) | (143) | (757) | ||
| Other undisclosed income from continuing operations | 34 | |||||||
| Loss from continuing operations: | (3,251) | (1,594) | (788) | (974) | (143) | (757) | ||
| Loss before gain (loss) on sale of properties: | ✕ | ✕ | (1,594) | (788) | (974) | (143) | (757) | |
| Income from discontinued operations | 1,150 | |||||||
| Net loss: | (2,102) | (1,594) | (788) | (974) | (143) | (757) | ||
| Other undisclosed net income attributable to parent | 19 | 7 | 9 | 90 | 70 | |||
| Net loss available to common stockholders, diluted: | (2,102) | (1,575) | (781) | (965) | (53) | (687) | ||
Comprehensive Income ($ in thousands)
| 9/30/2023 TTM | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | ||
|---|---|---|---|---|---|---|---|---|
| Net loss: | (2,102) | (1,594) | (788) | (974) | (143) | (757) | ||
| Comprehensive loss, net of tax, attributable to parent: | (2,102) | (1,594) | (788) | (974) | (143) | (757) | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.